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AZERBAIJAN: TURNOVER AT BAKU STOCK EXCHANGE UP 119.8% M/M IN APRIL 2016.

Summary: In April 2016, turnover at the Baku Stock Exchange was up 119.8% m/m (-47.6% y/y) to AZN 419.6mn on the back of increased trade of debt instruments (+143.0% m/m to AZN 374.5mn).

In April 2016, turnover at the Baku Stock Exchange was up 119.8% m/m (-47.6% y/y) to AZN 419.6mn on the back of increased trade of debt instruments (+143.0% m/m to AZN 374.5mn). Overall, derivative instruments accounted for 89.2% of total turnover in April 2016. In US$ terms, turnover increased to US$ 276.9mn (+132.1% m/m and -63.7% y/y).
Overall in 4M16, the Stock Exchange trade turnover declined to AZN 1.0bn (-82.5.0% y/y). Trade in derivatives, introduced in 1H14, accounted for 77.3% of total turnover. In US$ terms, turnover declined 90.1% y/y in 4M16 to US$ 0.6bn.Ee

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Publication:EMBIN (Emerging Markets Business Information News)
Date:Jun 13, 2016
Words:175
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